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AI Analysis of EME
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EMCOR Group Inc stock price ended at $356.29 on Thursday, after gaining 0.296%.
(Updated on May 02, 2024)

Buy or Hold candidate since Apr 25, 2024 Gain 1.99% PDF

The EMCOR Group Inc stock price gained 0.296% on the last trading day (Thursday, 2nd May 2024), rising from $355.24 to $356.29. During the last trading day the stock fluctuated 2.49% from a day low at $348.65 to a day high of $357.31. The price has risen in 7 of the last 10 days and is up by 6.02% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 305 thousand shares were bought and sold for approximately $108.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $346.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 44.15% during the next 3 months and, with a 90% probability hold a price between $500.02 and $581.68 at the end of this 3-month period.

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EME Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -2.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The EMCOR Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $353.52 and $347.30. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for EMCOR Group Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $305.45 and $277.47. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, EMCOR Group Inc finds support just below today's level at $305.45. If this is broken, then the next support from accumulated volume will be at $277.47 and $274.88.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $8.67 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 2.78%.

Our recommended stop-loss: $343.86 (-3.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (EME) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect EMCOR Group Inc to open at $354.08, and during the day (based on 14 day Average True Range), to move between $346.81 and $365.77, which gives a possible trading interval of +/-$9.48 (+/-2.66%) up or down from last closing price. If EMCOR Group Inc takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $357.17 (0.25%) than the support at $305.45 (14.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is EMCOR Group Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EMCOR Group Inc stock to perform well in the short-term.

Current score: 2.636 Buy Candidate Unchanged

Predicted Opening Price for EMCOR Group Inc of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
$354.08 ( 0.620%) $356.29

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EME

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 362.75 1.81 %
R2 359.44 0.88 %
R1 357.39 0.309 %
Current price: 356.29
Support S1 350.77 -1.55 %
S2 348.73 -2.12 %
S3 345.42 -3.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 363.65 2.07 %
R2 362.41 1.72 %
R1 357.17 0.247 %
Current price 356.29
Support S1 305.45 -14.27%
S2 277.47 -22.12%
S3 274.88 -22.85%

EME Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 04, 2024 Apr 15, 2024 Apr 30, 2024 $0.250 0.0700%
2 Jan 12, 2024 Jan 12, 2024 Jan 31, 2024 $0.180 0.0789%
3 Oct 05, 2023 Oct 13, 2023 Oct 30, 2023 $0.180 0.0878%
4 Jul 07, 2023 Jul 19, 2023 Jul 31, 2023 $0.180 0.0837%
5 Apr 06, 2023 Apr 14, 2023 Apr 28, 2023 $0.180 0.105%

FAQ

What is the symbol for EMCOR Group Inc Stock and on which exchange is it traded?
The symbol for EMCOR Group Inc is EME and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell EMCOR Group Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for EMCOR Group Inc stock to perform well in the short-term.

How to buy EMCOR Group Inc Stock?
EMCOR Group Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy EMCOR Group Inc Stock.

What's the current price of EMCOR Group Inc Stock?
As of the end of day on the May 02, 2024, the price of an EMCOR Group Inc (EME) share was $356.29.

What is the 52-week high and low for EMCOR Group Inc Stock?
The 52-week high for EMCOR Group Inc Stock is $369.53 and the 52-week low is $161.49.

What is the market capitalization of EMCOR Group Inc Stock?
As of the May 02, 2024, the market capitalization of EMCOR Group Inc is 16.744B.

When is the next earnings date for EMCOR Group Inc?
The upcoming earnings date for EMCOR Group Inc is Jul 25, 2024.
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About EMCOR Group Inc

EMCOR Group EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, starts-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; energy solutions; premises electrical and lighting systems; process instrumentation in the refining, chemical processing, and food p... EME Profile

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